SIX Payment Services division CEO resigns

Source: SIX Group

Niklaus Santschi has decided to leave SIX in order to pursue a new professional direction. He was placed in charge of the business area Payment Services in October 2011.

The business area recorded gratifying growth under his leadership. In particular, the successful acquisition of PayLife Bank in Austria was concluded and the stake in Cetrel in Luxembourg was significantly expanded. SIX thus substantially increased its international market share in the area of payment transactions. The Board of Directors thanks Niklaus Santschi for his valuable contribution to the continued development of the business area Payment Services in a challenging market environment and wishes him all the best for the future, both personally and professionally.

Dr Urs Rüegsegger, Group CEO SIX, will lead Payment Services on an interim basis.

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